Heading into the 11am hour, bond markets recovered some of the weakness that preceded the first alert of the day. We're now back in line with those weaker levels. Thus reprice risk remains (or is returning) depending on your lender's rate sheet print time.
Lenders that have a tendency to use reprices to control their pipelines might be jumpier than normal given lock volumes and the apparent technical bounce in longer-term Treasuries. The average lender will need to see 2-3 ticks of additional weakness before considering reprices